Club goods are likely to have some large fixed costs and small marginal costs.
What are Club goods?Economics has a concept known as "club goods," which are excludable yet non-rivalrous, at least up until a point where congestion arises. Club goods are frequently categorized as a subclass of public goods. The excludability of these commodities is frequently strong, although the level of consumption competition is typically modest. Club goods, which are typically offered by what are known as natural monopolies, have effectively zero marginal costs. Additionally, there is a false scarcity to club items. In his 1965 book "An Economic Theory of Clubs," Buchanan addressed the issue of how the size of the group affects the voluntary provision of a public good and, more fundamentally, offered a theoretical framework of communal or collective ownership-consumption arrangements. This particular provision is one of the most well-known in the literature.
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discuss the benefits that a strong executive provides to a republican government
The President appoints the heads of all Federal agencies, including the Cabinet, with the duty of carrying out and upholding the laws passed by Congress. A member of the Executive Branch who is prepared to take over as President if necessary is the Vice President.
What advantages can a strong presidency bring to the Federal Republic?For there to be a good government, there must be a powerful executive. It defends against foreign invasions, is necessary for the enforcement of the law, aids in the preservation of private property, and ensures freedom.
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A machine with a book value of $38,000 is sold for $32,000 cash. Which of the following answers would accurately represent the effects of the sale on the financial statements?
Balance Sheet Income Statement Statement of Cash Flows
Assets = Liabilities + Stockholders’ Equity Revenue/Gain Expense/Loss = Net Income
A. 38,000 = n/a + 38,000 38,000 n/a = 38,000 38,000 I/A
B. (6,000) = n/a + (6,000) n/a 6,000 = (6,000) 6,000 OA
C. (6,000) = n/a + (6,000) n/a 6,000 = (6,000) 6,000 IA
D. (6,000) = n/a + (6,000) n/a 6,000 = (6,000) 32,000 IA
Multiple Choice
Option A
Option B
Option D
Option C
The option which would accurately represent the effects of the sale on the financial statements is option D which is (6,000) = n/a + (6,000) n/a 6,000 = (6,000) 32,000 IA.
Balance Sheet
Assets = Liabilities + Stockholder's Equity
Machine = $38,000
Cash = $32,000
Loss on sale = $6,000
Total = $6,000
Income Statement
Revenue/Gain - Expenses/loss = Net income
n/a - $6,000 = ($6,000)
Statement of Cash flows
= $32,000 IA
Therefore, option D is correct and the remaining options are incorrect.
A balance sheet is a budget summary that reports an organization's resources, liabilities, and investor value. The monetary record is one of the three center budget reports that are utilized to assess a business. It gives a preview of an organization's funds (what it claims and owes) as of the date of distribution.
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in 2018, __________ million americans are expected to purchase something online.
In 2018, 189 million Americans are expected to purchase something online.
What is online purchasing?Through the use of a web browser or a mobile app, customers can directly purchase products or services from sellers through the Internet through online shopping.
E-commerce is the practice of purchasing or offering goods or services online. A growing number of people choose to purchase online since it is quick and simple. Online sales are one type of e-commerce activity that can target either consumers or other businesses.
These elements include perceived risk, perceived usefulness, perceived risk of use, perceived ease of use, impact of website design, economic factor, product availability, and customer satisfaction.
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paper money in the united states is circulating debt of the and has no intrinsic value.
Paper cash, in contrast to product cash, has no or very little natural worth. Therefore, paper cash is government issued currency. Consequently, the right response is government-issued currency.
What is government-issued currency?
Cash that isn't supported by a ware, like gold or silver, is known as government-issued currency. It is typically assigned as legitimate cash by the responsible government. Neighborhood banks and different associations have once in a while delivered government-issued currency since the beginning of time. Government-issued currency is in many cases allowed under unofficial law in contemporary times.
Government-issued currency, as a rule, has no inherent worth and no utility worth. It just has esteem because individuals who use it as a unit of record - or, on account of money, a vehicle of trade - settle on its worth.
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the keynesian transmission mechanism could be blocked by either interest-insensitive investment or by the liquidity trap.
Either interest-insensitive investment or the liquidity trap have the potential to obstruct the Keynesian transmission mechanism. Typically, the money supply curve is horizontal. The investment demand curve is horizontal in the liquidity trap.
Which best sums up how the money supply grows in a Keynesian transmission model?Falling interest rates encourage investment spending, which in turn raises overall spending and moves the AD curve to the right.
By liquidity trap, what do you mean?An expansionary monetary policy (increase in money supply) in a liquidity trap prevents economic growth by failing to raise interest rates or income.
The most extreme outcome of monetary policy is the liquidity trap.
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identify each scenario as a result of ecological overshoot, or not.
Results of ecological overshoot may also consist of depletion of freshwater systems, collapsing fisheries in the oceans, and gentrification in urban neighborhoods. +human needs on nature exceed the planet's ability to provide.
What is Global Ecological Overshoot?Ecological overshoot is measured using ecological footprint analysis, which assesses humanity's complete demand on nature's offerings over a one-year duration compared to the functionality of biologically productive land and sea areas to meet that demand.
Today, most countries, and the world as a whole, are in ecological overshoot. Over 85% of the world population lives in nations running with an ecological overshoot.
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https://brainly.com/question/14548329#SPJ4Which intangible asset is recorded only as part of the acquisition of another company?.
Goodwill is an intangible asset is recorded only as part of the acquisition of another company.
Goodwill is organically created and not considered an asset from an accounting perspective unless it is acquired after the acquisition of another firm. When one business acquires another for a sum more than the sum of the business's net assets, goodwill is bought.
Acquisition Assets that should be categorized as intangibles under GAAP include, but are not limited to, goodwill, patents, franchises, trademarks, tradenames, copyrights, and other assets that resulted from the acquisition.
Intangible assets are recognized by the buyer in an asset purchase transaction if they satisfy the FASB Concepts Statement 5 asset recognition requirements. But in corporate mergers, if the intangible assets are traceable and separate, the acquirer values them at fair value.
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an increase in the money supply is most likely to have which of the following short-run effects on real interest rates and real output?
An increase in the money supply is most likely to decrease in short-run effects on real interest rates and real output is increase.
An boom withinside the deliver of cash typically lowers hobby rates, which in turn, generates extra funding and places extra money withinside the fingers of consumers, thereby stimulating spending. Businesses reply with the aid of using ordering extra uncooked substances and growing production.
When the Federal Reserve will increase the cash deliver, inflation may also occur. More frequently than not, if the Fed is making an attempt to stimulate the economic system with the aid of using developing the cash deliver, costs will boom, the fee of products might be unstable, and inflation will probable occur. Correction.
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A high-fashion brand is launching a new line of clothing targeting style-conscious preteens. Their mission is to become the most-recognized, bestselling brand for this demographic. Which of the following strategic objectives is most appropriate and realistic for their new venture? Select one.
Question options:
Improve quality control measures at the corporate level
Devise a focused social media marketing strategy
Collaborate with big-box stores for merchandising
Increase shareholder value by 10% in the first quarter
Devise a focused social media marketing strategy. (Option B)
What is mean by social media marketing?Utilizing social media sites to market your brand and increase sales of your goods or services is known as social media marketing. Social media marketing is when a new product is released by your company and you intend to publicize the launch on social media.
What does "marketing strategy" mean?A marketing strategy is a long-term plan for attaining a company's objectives through comprehending client needs and forging an identifiable and long-lasting competitive advantage. It includes everything, from defining who your target audience is to selecting the methods you will use to communicate with them.
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suppose that the marginal cost of mining gold is constant at $300 per ounce and the demand schedule is as follows:
Supposing that the marginal cost of mining gold is constant at $300 per ounce and the demand schedule is as follows:
The price would be $300 and quantity would be 8000 ozThe price would be $700 and quantity would be 4000 ozThe price would be $700 and quantity would be 2000 oz eachThe revenues of both firm would : increase ( for the firm that increase production ) and decrease ( for the firm that doesn't increase production)Demand is a principle of economics that captures the consumer's desire to buy the product or service. The demand is calculated as the price the consumers are willing to pay for the product or service.
Now the reason behind the answer can be explained by following-
marginal cost = $300 calculating the value of TR ( total revenue for each price and quantity given )
TR = price * quantity also calculate the MR ( marginal revenue for each )
MR = For the first value : TR = $1000000 , MR = nil
For the second value : TR = $1800000 , MR = $800
For the third value : TR = $2400000. MR = $600
For the fourth value : TR = $2800000 , MR = $400
For the fifth value: TR = $3000000 , MR = $200
For the sixth value : TR = $3000000, MR = $0
For the seventh value : TR = $2800000, MR = -$200
For the eighth value : TR = $2400000, MR = -$400
a)The price would be $300 and quantity would be 8000 oz because from the table above that is the point with highest quantity supplied
b) The price would be $700 and quantity would be 4000 oz because the single supplier would put the price and quantity to be supplied at the point where marginal cost is closest to the marginal revenue
d) The revenues of both firm would : increase ( for the firm that increase production ) and decrease ( for the firm that doesn't increase production) this is because increase in production is directly proportional to increase in revenue .
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which of the following line items would be found on a statement of stockholders' equity that would not be on the statement of retained earnings? (select all that apply.)
The line items would be found on a statement of stockholders' equity that would not be on the statement of retained earnings is
a) Additional Paid-in capital
c) Common Stock
e) Treasury Stock
What are retained earnings?After subtracting dividends, retained earnings are the total net profits or profit of the company. Retained Earnings is a word used to indicate a company's previous profits that haven't been distributed as dividends.
Previously issued stock that has been purchased by the issuing business from stockholders is referred to as treasury stock. One type of security is common stock, which is a way to own business shares. The words "voting share" and "ordinary share" are also often used.
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The complete question is probably
Which of the following line items would be found on a statement of stockholders' equity that would not be on the statement of retained earnings?
a) Additional Paid-in Capital
b) Dividends Payable
c) Common Stock
d) Dividends
e) Treasury Stock
f) Net Income
if the short-run aggregate supply curve is horizontal, an increase in union aggressiveness that pushes wages and prices up will result in prices and output in the short run. a) lower;lower b) higher;higher; c) lower; higher; d) higher; lower
If the short-run aggregate supply curve is horizontal, an increase in union aggressiveness that pushes wages and prices up will result in higher prices and lower output in the short run (D).
Aggregate Supply is the total output of products produced within an aconomy at a given price in a giver time period. Aggregate suspply curve represents the relationship between price levels and the quantity of output that firms are willing to produce.
In the short-run, aggregate supply responds to the fluctuation of demands by changing the use of current inputs in the production process. In the short-run, the level of capital is fixed and a company cannot generate new working capital to increase the production efficiency.
When union aggressively pushes the wages up, this will put firms in difficult position because they have to allocate more costs to direct labors and wages expenses. Because the limitation of working capital, the only way out for those firms are to increase their product's prices and lower their production output.
This condition will shifted the Short-run aggregate supply curve and resulted in higher prices and lower output in the short-run.
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FILL IN THE BLANK. bond market values are expressed as a percentage of their par (face) value. for example, a company's bonds might be trading at 103, which means that they can be bought or sold for___of their par value.
Bond market values are expressed as a percentage of their par (face) value. for example, a company's bonds might be trading at 103, which means that they can be bought or sold for 103% of their par value.
In a bond, the issuer owes the bond holder money and is required under the bond's terms to return the bond's capital and income within a specified period of time until the bond matures.
The borrower can receive external liquidity through the sale of the bond in order to finance long-term investments or, in the case of government bonds, to cover urgent costs. Bondholders have the interest of creditors, whereas shareholders have an equity stake in a firm, even though both stocks and bonds are regarded as securities.
The above question is incomplete, the complete question is-
Bond market values are expressed as a percentage of their par (face) value. For example, a company's bonds might be trading at 103, which means that they can be bought or sold for ____ of their par value.
Multiple choice question.
103%
100.3%
10.3%
0.103%
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assume you purchased a $1000 convertible corporate bond. also assume the bond can be converted to 18.5 shares of the firm's stock. what is the dollar value the stock must reach before investors would consider converting to a common stock.
Dollar Value of the Stock: 54.054
Working Note: 1000/18.5 = 54.054
What are corporate convertible bonds?An interest-bearing fixed-income corporate debt asset known as a convertible bond has the option of being converted into a predetermined number of shares of common stock or equity. During the bond's term, the conversion from bond to stock is possible at specific times and is often at the bondholder's option.
What drives businesses to employ convertible bonds?Convertible bonds are a cost-effective solution for the corporation to raise capital because they have lower interest rates than comparable conventional bonds. The corporation also saves money by converting them into shares, albeit there is a chance that the share price will be diluted.
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True / False Questions(6)
(2 points each)
1. Effective managers recognize that given the complexity of many tasks, some failures are inevitable.
True False
2. Effective decision-making relies on logic and not emotions.
True False
3. For programmed decisions, managers often develop heuristics, or mental shortcuts, to help reach a
decision.
True False
4. Time pressures causes managers to neglect heuristics and engage in deep processing for decision
making.
True False
5. When satisficing, a decision maker selects the best solution.
True False
6. In order to reduce groupthink, groups can assign a member to play the devil's advocate.
True False
1. It is true that effective managers know how to accomplish tasks.
2. It is true that a good decision can only be made by using logics.
3. The given statement is false
4. Managers do not engage in deep processing, due to shortage of time.
Hence, the given statement is false.
5. The given statement is true as a decision makers chooses the most appropriate solution.
6. It is true that devil's advocate helps to brainstorm the ideas.
What duty does a management have that is most crucial?
Making a strategy to achieve business goals and objectives is one of a manager's primary responsibilities. This entails allocating human resources, assigning duties, and establishing reasonable completion dates and criteria.
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suppose a consumer consumes two goods, x and y. the slope of the budget constraint equals the
Answer: Relative Price
Explanation:
Relative Price means the ratio of the price of a specific product in one period to the price of the same product in another period. It is normally a ratio between the prices of two goods. This can normally occur due to changes in market supply and demand, changes in employee labor rate, etc.
Relative Price determines the slope of the budget constraint.
So, when a consumer consumes two goods, x and y, the slope of the budget constraint equals the relative price of the two goods.
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the manager of the bank where you work tells you that your bank has $10 million in excess reserves. she also tells you that the bank has $500 million in deposits and $455 million in loans. given this information you find that the reserve requirement must be
The reserve ratio requirement must be 7%
Reserves= deposits-loans
= 500-455
= 45 million
Required reserve= reserve- excess reserve
= 45-10
= 35 million
Required reserve ratio= required reserve/deposits
= 35/500
= 0.07
= 7%
Required reserve ratio- A required reserve ratio is the percentage of deposits that a bank is required by regulators to hold in reserves and not lend out. If the required reserve ratio is one to ten, a bank must keep $0.10 of every dollar in reserves but can lend out $0.90 of every dollar.
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you are working as a contracted information technology specialist. you have been contacted by james otis tax associates, a small tax preparation company. the company is growing rapidly and is opening a new office. they are focused on hiring and retaining the best in the field, and they believe that one way to do this is to provide every employee with the appropriate tools and technology they need to effectively complete their work. your company has been asked to provide its expertise in identifying the technology components needed for the computer systems and network for the three employees in the new office. they would also like you to address the security needs of the various employees.
In order to provide the best advice for the James Otis Tax Associates, I would need to understand the exact requirements of their new office. This would include the specific needs of the three employees, the type of work that will be done, and the budget available for technology components.
What is employee?
A worker hired by such an employer to perform a specific task is known as an employee. Employers are in charge of deciding how much an employee is paid, when they work, and how they work. Employees receive advantages that contractors do not in return. An employer can hire a certain category of worker to carry out a specific task. Contrary to contractors, who enjoy greater freedom than employees, an employer has control over what an employee is doing and how it will be carried out. Following a selection as an employee following an application and interview process, the employee is hired by the employer. The candidate is chosen after the employer determines that they are the most qualified candidate for the position for which they are hiring.
Once I have a full understanding of the requirements, I can recommend the appropriate hardware, software, and network infrastructure needed to meet the needs of the employees. I would also be able to suggest any additional security measures that need to be taken. This may include firewalls, antivirus software, and any other measures that may be necessary to protect the company's data. In addition, I can provide advice and assistance on the installation, configuration, and maintenance of the technology components. I can also provide training to the employees so that they can use the technology effectively and securely. Overall, I can provide the James Otis Tax Associates with the necessary expertise and guidance to ensure that their new office is equipped with the best technology for their employees.
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T/F the nurse is providing discharge teaching with a client about pacemaker surveillance. which client statement indicates a need for further teaching?
Correct response:"I will report if I feel lightheaded and dizzy at my subsequent doctor's appointment.”
When educating a patient with a newly inserted pacemaker you should?Monitor website online for bleeding and contamination for the first week. Bruising may additionally be present. Avoid immersing the web site in water for three days. Minimize arm and shoulder recreation of affected arm and wear unfastened overlaying over incision for 1-2 weeks, to prevent dislodgement of new leads.
Which endeavor would the nurse instruct customers to keep away from after having implantation of everlasting cardiac pacemaker?Limit any strenuous activities for six weeks. During this time, it is vital for patients with pacemakers implanted in the chest to avoid lifting the elbow above the shoulder on the aspect of the pacemaker. Before leaving the hospital, discuss pastime hints and restrictions with the doctor or nurse
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https://brainly.com/question/14892752#SPJ4if firms are producing at a profit-maximizing level of output where the price is equal to the average total cost
There must be no Economic profits. The total of the quantities that every single producer is willing to supply makes up the market supply in a market with perfect competition.
What output volume is appropriate for the corporation aiming to maximize profits?Marginal revenue and cost must match in order to maximize total profit. At 4 units of output, in this example, the maximum profit is realized. Where MR = MC is where a corporation with perfect competition will also find its level of output that maximizes profits.
When a corporation engaged in competition seeks to maximize immediate economic gains?The amount of output the company picks where its marginal revenue and cost are equal to optimize profits.
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if the value of goods and services that australia purchases from the united states are less than the value of goods and services that the united states purchases from australia, then the united states has
With Australia, there are both negative net exports and a trade imbalance.
What is goods and services?An economic system's output is goods and services. Services are acts performed for the benefit of the recipients, whereas goods are tangible products made available to customers. Among the products are clothing, homes goods, and automobiles. Services include things like consulting, cleaning, and legal advice. Production at a company might be anywhere between these two concepts. For instance, a landscaping company may give a homeowner a tree (a good) and also take care of the yard (a service).
A physical object that buyers want or own is a good. Customers want services even when they are not tangible, physical objects. Frequently, a service may be provided remotely as well. What individuals consume and pay for is generally referred to as "goods" and "services."
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Which famous chain has exactly one remaining location? circuit city blockbuster borders sports authority.
In 1985, when it originally started operations, Blockbuster had more than 9,000 locations nationwide. But as soon as businesses like Netflix and Redbox began offering on-demand digital services, the business models rapidly become stale.
Blockbuster declared bankruptcy in 2010, and soon after that, it began shutting its locations despite efforts from numerous franchise locations to remain open. There is presently only one Blockbuster left in Bend, Oregon.
The shop, a well-liked tourist attraction, offers "Last Blockbuster on the Planet" caps, t-shirts, sweatshirts, and novelty mugs. By franchising its goods and name, a company may quickly expand its geographic reach or market share.
The original company is the franchisor. It declares that its name and concept will be licensed for use. The franchisee purchases the right to use a recognizable brand and business model to market the franchisor's products or services.
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Which term accurately describes Agile and DevOps? a suite of software applications a set of automated tools a set of processes a set of values and principlesI don't know this yet.
The term accurately describes Agile and DevOps is a set of values and principles. Both works with increasing the collaboration. The correct option is (D).
What do you mean by the Agile and DevOps?Collaboration among all parties engaged in the creation and upkeep of software is encouraged by the DevOps culture.
Agile is a development methodology created to keep up with the common reality of changing needs while accelerating releases.
Agile offers the capacity to quickly adapt to changing requirements and greater communication between several smaller teams, while DevOps supports a completely automated continuous integration and deployment pipeline to enable frequent releases.
Therefore, the term accurately describes Agile and DevOps is a set of values and principles. Both works with increasing the collaboration.
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Recently, 15-year mortgages have increased in popularity amongst both borrowers and lenders. Which of the following groups of borrowers would typically be the least interested in
a 15-year mortgage?
A. Mature households with minimal financial constraints
B. First-time homebuyers
C. Homeowners who are refinancing to obtain a lower rate than is available on a comparable 30-year mortgage
D. Homeowners who are interested in selling their property within five years
First-time homebuyers of borrowers would typically be the least interested in a 15-year mortgage.
A loan is a settlement between you and a lender that gives the lender the proper to take your private home in case you fail to pay off the money you have borrowed plus interest. mortgage loans are used to buy a domestic or to borrow cash towards the fee of a home you already very own.
Mortgages are to be had with two distinctive types of hobby prices: fixed and adjustable. On a fixed-charge mortgage, the hobby rate stays identical for the entire life of the loan. that means you lock inside the interest fee of the present-day market for the next 15-30 years.
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The Northwest Cherry Growers (headquartered in the state of Washington) sells much of its locally grown produce to Taiwan. _____ was the easiest and least expensive way for the growers' association to sell to global markets.
exporting
Export was the easiest and least expensive way for the growers' association to sell to global markets.
Is the amount of money left over from a company's sales income after production costs are subtracted?The difference between a company's gross revenue and all of its costs, including fixed costs, is known as net revenue or net income. Because gross revenue only gives you a partial image of your company's total picture, it's critical to understand the differences between the two. Budgeting cannot be done with the gross sales of your business.
What is the purpose of the group of answer options when supply and demand are balanced and the price of the good or service is established?Price in equilibrium. If a product exchange takes place, the agreed-upon cost.
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if a change in price barely effects demand, that means the demand is _______.
if a change in price barely affects demand, that means the demand is Inelastic
What is Inelastic demand?Generally, The degree to which the amount required is affected by changes in the price of an item is referred to as its price elasticity of demand.
When the price of practically any product goes up, the amount of that good that people want to buy goes down, however, the degree to which it drops varies depending on the commodity.
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If you report both your debit card and your credit card missing within 48 hours of discovering they are gone, what is the maximum you would be responsible for paying on unauthorized charges?.
Under the federal Electronic Fund transfer Act, your liability is: $0 if you record the loss or robbery of the card straight away and earlier than any unauthorized charges are made. up to $50 if you notify the bank inside enterprise days once you recognise the card is missing.
A bank is a financial institution that accepts deposits from the public and creates a call for deposit at the same time as simultaneously making loans. Lending activities can be without delay done by way of the bank or circuitously through capital markets.
A financial institution, an organization that offers in money and its substitutes and affords different money-associated services. In its position as a financial intermediary, a financial institution accepts deposits and makes loans.
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shaniqua's shirts uses both in-house and outside suppliers and also sells its shirts through its own retail stores and through independent retailers. shaniqua's shirts uses ______.
Shaniqua's shirts uses taper integration for both in-house and outside suppliers.
What is tapered integration?An organizational theory concept known as tapered integration describes a combination of market interchange and vertical integration. A producer upstream might generate a portion of the input themselves and purchase the remainder from unaffiliated businesses. The manufacturer may sell some of its output downstream through an internal sales team and the remaining portions through external sales teams. It is unknown when the phrase "taped integration" was first used, however it can be found in legal publications like the Yale Law Journal as early as the 1950s. William King Norris' case study is the earliest instance of the term in academic literature.
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a 55 year old recently received a $30 000 distribution
A 55 year historic lately received a $30,000 distribution from a preceding employer's 401k plan, minus $6,000 withholding.
Which tax would an IRA participant be subjected to on distributions?IRAs: An IRA distribution paid to you is situation to 10% withholding except you choose out of withholding or pick to have a specific quantity withheld. You can keep away from withholding taxes if you pick out to do a trustee-to-trustee switch to some other IRA.
Do I have to record my IRA distributions on my tax return?Regardless of your age, you will want to file a Form 1040 and show the quantity of the IRA withdrawal. Since you took the withdrawal earlier than you reached age 59 1/2, unless you met one of the exceptions, you will need to pay an additional 10% tax on early distributions on your Form 1040.
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https://brainly.com/question/1300867#SPJ4ePage(s) 351-352 11.1. What is price discrimination? Match each type of market to its welfare effect. maximizes benefits to consumers perfectly competitive maximizes benefits to producers perfect price discrimination creates inefficiency monopolist that charges a single price
Price discrimination is defined as the strategy of charging different prices to different consumers for the same product based on their willingness to pay.
What is price discrimination?The practice of charging varying rates to customers for the same goods depending on their willingness to pay is known as price discrimination. Price discrimination is a marketing strategy whereby vendors charge customers different prices for the same commodity or service depending on what they think will win the customer over. The greatest price imaginable will be charged to each consumer by a business that engages in pure price discrimination.
Pricing discrimination is a practice where businesses charge different prices to customers based on how much money they are willing to spend. For instance, various pricing is commonly offered at theaters for adults, seniors, and kids. They also have promotions for particular days of the week.
Type of market - Welfare effect.
maximizes benefits to consumers - perfect price discrimination
maximizes benefits to producers - perfectly competitive
monopolist that charges a single - price creates inefficiency
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